3 Stocks to Avoid This Week
I kick off every new trading week by singling out three stocks that I think investors should avoid. Whether it's upcoming earnings, unsustainable optimism, or some other potential sell-off catalyst, I see them as vulnerable investments for the week ahead. My three stocks to avoid last week were on the move -- as Delta Airlines (NYSE: DAL), Lucid Motors (NASDAQ: LCID), and SeaWorld Entertainment (NYSE: SEAS) were down 3%, up 1%, and down 7%, respectively -- averaging out to a 3% decline.
The S&P 500 slipped 0.3% for the week, so I won last week. My bearish picks have now fallen by more than the general market in 12 of the past 13 weeks. This week, I see Netflix (NASDAQ: NFLX), Lucid Motors (NASDAQ: LCID), and United Airlines (NYSE: UAL), as stocks that you may want to consider steering clear from. Let's go over my reasons for the near-term pessimism.
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Source Fool.com
